Elite Wealth Vs INDmoney
Elite Wealth
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Elite Wealth Vs INDmoney - Broker Details
| Elite Wealth | INDmoney | |
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| Single Margin Facility |
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| Year of Incorporation | 1990 | 2019 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE and MCX |
| Branches | N/A | 966 |
| Brokerage | 0.03% | 0.05% or up to ₹20/Per Order |
| Broker Type | Full Service Broker | Discount Broker |
Elite Wealth Vs INDmoney - Account Opening & AMC Charges
| Elite Wealth | INDmoney | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method | ₹0 (Free) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Elite Wealth Vs INDmoney - Brokerage charges & Plans
| Elite Wealth | INDmoney | |
|---|---|---|
| Commodity Futures | 0.03% | N/A |
| Currency Futures | 0.03% | 0.05% or up to ₹20/Per Order |
| Equity Delivery | 0.33% | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹33 per Lot | 0.05% or up to ₹20/Per Order |
| Commodity Options | 0.03% | N/A |
| Equity Futures | 0.03% | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹33 per Lot | 0.05% or up to ₹20/Per Order |
| Fixed Charges | 0.03% | 0.05% or up to ₹20/Per Order |
| Equity Intraday | 0.03% | 0.05% or up to ₹20/Per Order |
Elite Wealth Vs INDmoney - Other Charges
| Elite Wealth | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | ₹0 (Free) | ₹50 per position |
| Other Brokerage Charges | 0.03% | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | 0.03% | 0.05% or up to ₹20/Per Order |
Elite Wealth Vs INDmoney - Transaction Charges
| Elite Wealth | INDmoney | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value |
| Equity Futures | NSE: 0.00195% on Total Turnover value | NSE: 0.00195% on total turnover value |
| Equity Intraday | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE - 0.00325% | BSE- 0.00375% |
| Equity Options | NSE: 0.053% on Premium value | NSE: 0.053% on premium value |
| Commodity | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value |
| Equity Delivery | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE - 0.00325% | BSE- 0.00375% |
Elite Wealth Vs INDmoney - Margin (Exposure)
| Elite Wealth | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + exposure)) | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
Elite Wealth Vs INDmoney - Features
| Elite Wealth | INDmoney | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Elite Wealth Vs INDmoney - Review & Rating
| Elite Wealth | INDmoney | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Elite Wealth Vs INDmoney - Request a call back from Broker
| Elite Wealth | INDmoney | |
|---|---|---|
Elite Wealth Vs INDmoney - Investment Options
| Elite Wealth | INDmoney | |
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| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Elite Wealth Vs INDmoney - Order Type
| Elite Wealth | INDmoney | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Elite Wealth Vs INDmoney - Research & Report
| Elite Wealth | INDmoney | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Elite Wealth Vs INDmoney - Daily Market Report
| Elite Wealth | INDmoney | |
|---|---|---|
| Daily Market Reports & News |
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Elite Wealth Vs INDmoney - Suitable For Investor
| Elite Wealth | INDmoney | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Elite Wealth Vs INDmoney - Pros & Cons
| Elite Wealth | INDmoney | |
|---|---|---|
| Pros | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. |
| Cons | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. |
Elite Wealth Vs INDmoney - Background
| Elite Wealth | INDmoney | |
|---|---|---|
Elite Wealth Vs INDmoney - Compare All Brokers
| Elite Wealth | INDmoney | |
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Elite Wealth Vs INDmoney - STT/CTT
| Elite Wealth | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% only on sell |
| Equity Options | 0.05% on Sell (on Premium) | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on both buy & sell |
| Equity Futures | 0.01 % on Sell | 0.01% only on sell |
| Commodity Options | 0.05% on Sell Side | 0.05% only on sell side |
Elite Wealth Vs INDmoney - Demat transaction charges
| Elite Wealth | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | No Charges | ₹250/ per certificate |
Elite Wealth Vs INDmoney - GST
| Elite Wealth | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
Elite Wealth Vs INDmoney - SEBI Charges
| Elite Wealth | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Elite Wealth Vs INDmoney - Account Opening & AMC Charges
Elite Wealth
INDmoney
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹0 (Free)
Elite Wealth Vs INDmoney
| Elite Wealth | INDmoney | |
|---|---|---|
Elite Wealth Review | Products and Trading Platforms |
INDmoney Account Opening Process, Charges, and Documentation Details |
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INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Elite Wealth Vs INDmoney - Brokerage charges & Plans
| Elite Wealth | INDmoney | |
|---|---|---|
| Commodity Futures | 0.03% | N/A |
| Currency Futures | 0.03% | 0.05% or up to ₹20/Per Order |
| Equity Delivery | 0.33% | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹33 per Lot | 0.05% or up to ₹20/Per Order |
| Commodity Options | 0.03% | N/A |
| Equity Futures | 0.03% | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹33 per Lot | 0.05% or up to ₹20/Per Order |
| Fixed Charges | 0.03% | 0.05% or up to ₹20/Per Order |
| Equity Intraday | 0.03% | 0.05% or up to ₹20/Per Order |
Elite Wealth Vs INDmoney - Margin (Exposure)
| Elite Wealth | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + exposure)) | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
Elite Wealth Vs INDmoney - Other Charges
| Elite Wealth | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | ₹0 (Free) | ₹50 per position |
| Other Brokerage Charges | 0.03% | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | 0.03% | 0.05% or up to ₹20/Per Order |
Elite Wealth Vs INDmoney - STT/CTT
| Elite Wealth | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% only on sell |
| Equity Options | 0.05% on Sell (on Premium) | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on both buy & sell |
| Equity Futures | 0.01 % on Sell | 0.01% only on sell |
| Commodity Options | 0.05% on Sell Side | 0.05% only on sell side |
Elite Wealth Vs INDmoney - Demat transaction charges
| Elite Wealth | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | No Charges | ₹250/ per certificate |
Elite Wealth Vs INDmoney - GST
| Elite Wealth | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
Elite Wealth Vs INDmoney - SEBI Charges
| Elite Wealth | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Elite Wealth Vs INDmoney - Features
| Elite Wealth | INDmoney | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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